The Artificial Intelligence Fraud Epidemic: Record $12.5 Billion Losses Drive Urgent Calls for Consumer Defense

Author: Consumers’ Checkbook Updated: August 20, 2026 Main Facts Financial fraud in the digital age has reached an unprecedented crisis point. According to ground-breaking data released by the Federal Trade Commission (FTC) in its Consumer Sentinel Network Data Book 2024, reported fraud losses skyrocketed to a historic $12.5 billion. This figure represents an alarming 25…

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Andrew Yang Calls for Urgent Federal Crackdown on Frontier AI Labs, Warning of "Irreversible Harm"

WASHINGTON — Former Democratic presidential candidate and Noble Mobile founder Andrew Yang has amplified his warnings regarding the rapid escalation of artificial intelligence, calling for a sweeping federal crackdown on frontier AI laboratories. In a recent high-profile interview, Yang argued that powerful artificial intelligence models are advancing at a pace that has completely outstripped the…

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Navigating the Precipice: OpenAI CEO Sam Altman Calls for Controlled AI Development Amid Growing Safety Concerns

By Global Technology Desk Published September 2026 Main Facts In a significant policy shift from one of the tech industry’s most influential leaders, OpenAI CEO Sam Altman has publicly urged artificial intelligence developers to embrace slower, more deliberate development cycles. Writing in a series of posts on social media platform X, Altman emphasized that the…

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Labor Think Tank Calls for Total Ban on Electronic Shelf Labels, Warning of Billions in Lost Wages and Rising Grocery Prices

By PYMNTS September 11, 2026 Main Facts The debate over the automation of the American retail landscape has taken a sharp, contentious turn. The AFL-CIO Tech Institute, a labor-affiliated think tank established in 2021, has officially petitioned lawmakers to implement a total ban on electronic shelf labels (ESLs) across grocery stores nationwide. According to a…

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